The used luxury watch market is showing signs of recovery as prices have marginally increased, marking a shift after a prolonged period of decline. The Bloomberg Subdial Watch Index, which monitors the 50 most traded watch models on the secondary market, registered a 0.1 percent rise in September, primarily driven by Patek Philippe’s impressive performance. […]
British government buys key chip plant, preserving skilled jobs
The British government has taken a decisive step to secure the future of its semiconductor industry by acquiring a key facility in Newton Aycliffe, northern England, formerly owned by U.S.-based Coherent Inc. This factory specializes in producing gallium arsenide semiconductors, essential components for military technology, including advanced fighter jets. The acquisition, valued at around £20 […]
Vietnam to Host Meta's New AI and Tech Projects
Vietnam is poised to play a significant role in Meta’s operations as the tech giant ramps up its investments in artificial intelligence (AI) and manufacturing within the country. This pivotal decision to expand in Vietnam underscores the growing importance of the Southeast Asian market for global tech companies, especially those looking to establish a foothold […]
OpenAI Secures $500 Million Investment from Japanese Telecom Giant
OpenAI has recently made significant strides in its financial landscape by securing a massive investment of $500 million from SoftBank’s Vision Fund. This move signifies a pivotal moment for OpenAI, which has been at the forefront of artificial intelligence innovation. While the exact details surrounding the investment remain somewhat obscured due to SoftBank’s silence on […]
Wall Street Bets on $8.5 Billion Fashion Deal’s Fate in Trial
The fashion industry stands at a crossroads as Tapestry Inc.’s $8.5 billion merger with Capri Holdings Ltd. faces a critical review by US antitrust regulators. The stakes are high, not only for the companies involved but also for hedge funds and institutional investors heavily invested in the potential outcome. The merging of Tapestry’s brands, including […]
Guggenheim Capital Launches $20 Million Digital Paper on Ethereum
In a significant move that underscores the growing intersection of traditional finance and blockchain technology, Guggenheim Treasury Securities (GTS) has announced the issuance of $20 million in Digital Commercial Paper (DCP) on the Ethereum platform. This milestone reflects an increasing institutional interest in secure blockchain solutions and highlights the potential for substantial growth in digital […]
Semiconductor Industry Gears Up for $400 Billion Boom
The semiconductor industry is on the brink of a significant transformation, with an estimated investment surge that could reach $400 billion in chip-making equipment between 2025 and 2027, according to the global industry association SEMI. This robust investment is primarily driven by strategic maneuvers from key players like China, South Korea, and Taiwan, as they […]
Akt London Secures $7 Million to Drive US Expansion and Product Innovation
Akt London, a brand that stands at the forefront of sustainable beauty, has recently secured a significant investment of $7 million from Felix Capital. This funding aims to bolster the brand’s ambitions in the highly competitive beauty and personal care market, pushing its total capital raised to $10 million since its inception in 2020. Founded […]
UK Semiconductor Industry Receives £11.5m Boost for Innovation
In a significant move for the UK’s semiconductor industry, Science Minister Lord Patrick Vallance announced today that 16 semiconductor firms will share a funding pot of £11.5 million, provided by Innovate UK. This announcement came during a prominent industry conference of G7 nations, emphasizing the UK’s commitment to fostering innovation in this critical sector. The […]
Silas Capital, Unilever Ventures Invest in Skincare Brand Oak Essentials
The skincare sector continues to attract attention from major investors, as evidenced by the recent partnership between Oak Essentials and notable venture capital firms Silas Capital and Unilever Ventures. Founded by the talented US clothing designer Jenni Kayne in 2021, Oak Essentials has carved a niche in the premium beauty market by offering a line […]